Citibank claims the Federal Reserve's reckoning of the muni market doesn't include $700B in bonds bought directly by individual investors. Why is this important? A), it underscores the lack of credible info about tax-exempt debt. And B), as one muni bond manager put it, 'Armageddon is not right around the corner.'
Pioneer muni fund sees increased interest, nice yields as angst subsides
Federal Reserve Chairman Ben S. Bernanke tomorrow may disappoint stock investors betting on a commitment to step up stimulus. He has little choice, given rising consumer prices and a U.S. economy that is still growing.
Agency to begin collecting data on municipal bonds from MSRB; has authority to nix tax break
Ten-year Treasuries up 28% this year as fed head has managed to keep consumer prices in check
Pacific Investment Management Co.'s Mohamed El-Erian said President Barack Obama is moving for the first time to “get ahead” of U.S. economic challenges because the Federal Reserve is unable to revive employment on its own.
Regulator aims to impose fiduciary standard, compensation limits in bid to eliminate conflicts of interest
Unofficial proposals to create government debt backed by the entire 17-member eurozone would produce a massive bond market, similar in size, liquidity and quality to the $7.3 trillion U.S. Treasury market
The global economic crisis is leading to a possible “developed economy” recession in Europe and the United States that may be hard to alleviate, according to Pacific Investment Management Co. LLC's Bill Gross
Most think the average add on is about $6; it's not
Asset manager buying a boat load on junk bonds; yield ahead
The Municipal Securities Rulemaking Board has yanked all six of its proposed rules covering municipal advisers today, triggered by worries about the Securities and Exchange Commission's proposed definition of a municipal adviser.
The catastrophe bond market appears set to rebound during the second half this year despite a slower pace during the first half
Historians say actual record was set in 1945
S&P assigned AA+ scores to about 11,500 securities in the $2.9 trillion municipal bond market, including school-construction bonds in Irving, Texas; debt backed by a federal lease in Miami; and a bond series for multifamily housing in Oceanside, Calif.
Concerns over a possible default by Uncle Sam rippling the lakes of state issuers; five top-rated borrowers braced for possible downgrade
Term premium at an all-time high, but investor confidence in economy at rock bottom; 'fear priced into yields'
Despite need to raise federal tax revenues, bank believes lawmakers will spare municipal debt
Term premium for ten-year notes off the charts; 'usual rules of valuation are just not applying'
